$ADA /USDT Technical Analysis
Current Price: $1.1196
$ADA /USDT is down 5.35% today, showing bearish momentum as it trades near support levels. The 30-minute chart indicates potential for either a rebound or a further downward move, depending on whether critical levels hold.
Key Levels to Watch:
1. Resistance 1: $1.1400
A breakout above this level could signal short-term bullish momentum.
2. Resistance 2: $1.1800
Clearing this resistance would indicate medium-term recovery potential.
3. Support: $1.1000
A breakdown below this support could accelerate bearish pressure.
Targets:
Target 1 (Short-Term): $1.1400
Immediate upside target for a potential short-term recovery.
Target 2 (Medium-Term): $1.1800
Breaking this level confirms a stronger bullish reversal.
Target 3 (Long-Term): $1.2000
A significant level indicating a shift in trend toward sustained bullish momentum.
Trade Setup
Long Entry: Above $1.1200 with targets at $1.1400, $1.1800, and $1.2000. Stop Loss: $1.1000
Short Entry: Below $1.1000 with targets at $1.0800, $1.0600, and $1.0400. Stop Loss: $1.1200
⚠️ Caution: Market volatility remains high. Use tight stop-loss levels and confirm breakouts or breakdowns before entering trades.
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